RBI may cut interest rates as inflation has eased: Chanda Kochhar

Reserve Bank of India (RBI) may lower its key interest rates in the coming months as inflation has eased, pursuant to which banks may also lower their rates to some extent to pass on the benefit to customers.

“With inflation easing, I think that we would see policy rate cuts in the coming months,” Chanda Kochhar Managing Director and Chief Executing Officer of ICICI Bank told news agency PTI in an interview in Davos.

The head of India’s largest private sector bank, who is here in this Swiss Alpine resort town for the World Economic Forum annual meeting, said that the central bank has already in its last policy statement, indicated monetary policy easing in the fourth quarter of the current fiscal.